Car & General’s strong run at the Nairobi Securities Exchange is showing signs of cooling, with the company losing about Sh8.1 billion in market value as its share price retreats from recent highs.

The counter had been one of the biggest gainers on the NSE, rising from about Sh33 per share in August 2025 to Sh341.75 by August 19, 2026. The rally pushed its market value from Sh2.65 billion to Sh27.41 billion in just 12 months.

The latest decline has come as some investors cash in on the huge gains made during the rally. By August 25, the share had fallen to Sh303.50, down nearly 10 percent over five trading days, putting its market capitalisation at about Sh24.34 billion.

Despite the share price fall, Car & General’s financial results remain strong. The company reported Sh2.6 billion in net profit for the six months to June 2026, up from Sh637 million a year earlier. It also increased its interim dividend from 30 cents to Sh1 per share.

The sharp rise in the share price had attracted heavy investor interest, with analysts linking part of the rally to speculation around the company’s assets and improved earnings.

The recent retreat shows that the excitement around the counter may be cooling as investors who bought earlier move to lock in their profits.

Car & General remains one of the best performing shares on the NSE this year, but the latest price movement is a reminder of how quickly fortunes can change after a stock experiences a huge rally.